Legal Question in Business Law in New York

All you can do at this point is consult a lawyer and discuss the facts to arrive at a best course of action.

If you would like to discuss further over a free phone consult, feel free to contact me anytime that is convenient.

Our firm is now referred by the American Bar Association (see under the New York section):

http://www.americanbar.org/groups/delivery_legal_services/resources/programs_to_help_those_with_moderate_income.html

Kind regards,

Frank

www.LanternLegal.com

866-871-8655

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DISCLAIMER: this is not intended to be specific legal advice and should not be relied upon as such. No attorney-client relationship is formed on the basis of this posting.

There is actually a lot you can do.

First gather all the documents of the company that you may have in your possession. If it's a corporation look for the "bylaws" and if it's an LLC look for the "operating agreement". These agreements describe your rights and responsibilities. Next, locate any emails and text messages you may have had with other people involved in the business. Finally, try to find out what the company has been up to in the past 2 years (where are they located, do they have a website, who are their customers etc.)

Bring these documents to an attorney. The attorney will be able to let you know what are your rights and how to demand them (sometimes these documents specify the exact ways to resolve problems such as yours and you then have to follow them strictly)

Based on the findings the attorney may opt to sending a demand letter to the other individuals involved in the business. It is also possible that you will need to file a law suit to preserve your rights. The key is to consult an attorey as soon as possible as some causes of actions have a limited statute of limitations. Being that the business is already 2 years old you should act fast.

Such an initial review is not expensive. Feel free to ping me off line for help in this matter.

Roman R. Fichman, Esq.

www.TheLegalists.com │ @TheLegalist

email: Info @ TheLegalists .com

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Disclaimer: This post has been written for educational purposes only and was not meant to be legal advice and should not be construed as legal advice or be relied upon. No intention exists to create an attorney-client relationship or any other special relationship or privilege through this post. The post may contain errors, inaccuracies and/or omissions. You should always consult an attorney admitted to practice in your jurisdiction for specific advice. This post may be deemed as Attorney Advertising.

Identify the business, the number of individuals involved and how do you determine your interest, by written contract or oral? Depending on the complexity of the business, you may be looking at a pretty penny to determine your entitlement to profits.